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Sunday, December 10, 2023

Abu Dhabi Chambers signs MOUs for business growth

The Abu Dhabi Chamber of Commerce and Industry (ADCCI) Signs Key Agreements for Private Sector Growth”

In a significant move, the Abu Dhabi Chamber of Commerce and Industry (ADCCI) has inked four pivotal agreements with prominent national entities aimed at bolstering the growth and prosperity of Abu Dhabi’s private sector. These partnerships align with the ADCCI’s strategic objectives to empower the private sector and unlock economic and investment opportunities.

These agreements were formalized as part of the ADCCI’s role as a supporting partner in the Abu Dhabi International Petroleum Exhibition and Conference (ADIPEC), the world’s largest event in the energy and oil sector, held from October 2 to October 5 at the Abu Dhabi National Exhibition Centre, under the patronage of His Highness Sheikh Mohamed bin Zayed Al Nahyan, President of the UAE.

During this event, His Excellency Ahmed Khalifa Al Qubaisi, CEO of the Abu Dhabi Chamber, signed a cooperation agreement with Etihad Credit Insurance (ECI) to provide export credit insurance services to UAE-based companies and support Abu Dhabi’s exporters. Additionally, another agreement was signed with the National Marine Dredging Group to support suppliers within Abu Dhabi’s private sector.

Furthermore, a cooperation agreement with Khalifa Economic Zones Abu Dhabi (KEZAD) aims to boost economic growth in Abu Dhabi by developing major projects in collaboration with businesses operating in ports and the industrial sector. This agreement also intends to create an attractive environment for investors and establish economic complexes and free zones that attract investments and foreign direct investments (FDIs) to Khalifa Economic Zones.

Lastly, the Abu Dhabi Chamber signed a memorandum of understanding (MoU) with the Abu Dhabi Future Energy Company (Masdar) to provide investment opportunities for innovative technologies in the renewable energy sector and the utilization of artificial intelligence for small and medium enterprises.

Ahmed Khalifa Al Qubaisi, CEO of the Abu Dhabi Chamber, emphasized the importance of these partnerships in driving business growth and achieving the Emirate of Abu Dhabi’s economic goals. These agreements strengthen relations with both public and private sector partners, ultimately benefiting Abu Dhabi’s private sector and contributing to the Emirate’s position as a competitive global economic hub.

Other stakeholders involved, including KEZAD Group, Masdar, National Marine Dredging Group, and Etihad Credit Insurance, expressed their commitment to strengthening cooperation and advancing economic development in Abu Dhabi through these agreements.


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